Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply presented by

User Stats

117
Posts
45
Votes
Bryan Cork
  • Colorado Springs, CO
45
Votes |
117
Posts

Do my tennants need to sign a new lease?

Bryan Cork
  • Colorado Springs, CO
Posted
I purchased a townhome earlier this year as a rental, and have since created an LLC to put the property into. The person who created the LLC for me said that we would need to get a new lease signed by the tenant because the LLC is now the true landlord. Is this correct? It’s not a huge deal if so, but I wanted another opinion on the matter. Thanks!

Most Popular Reply

User Stats

86
Posts
74
Votes
Ian Tvardovskaya
  • Investor
  • Columbus, OH
74
Votes |
86
Posts
Ian Tvardovskaya
  • Investor
  • Columbus, OH
Replied
@Bryan Cork the lease will stay in affect regardless of who the owner and contInue to be a legal contract. However, I did something similar and wrote a new lease with my LLCs name at the time of renewal because it made my life easier by having all the paperwork match.

Loading replies...